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A company plans to purchase a newmachine. There are two choices. The following are the cash flowsfrom two machines: MachineA: The machine’s initial purchaseprice is $99,718, and it has a singlemaintenance fee of $6,000 atthe end of year 4. The machine would last for 7 years. Assume thatthe discount rate is 8% for this machine. MachineB: The machine’s initial purchaseprice is $10,000, and it has annualmaintenance cost of $10,000 atthe end of each year for 5 years. The machine would last for 5years. Assume that the discount rate is 10% for this machine. As a financial analyst assistant, youhave been asked to compute Equivalent Annual Annuity (EAA), alsocalled Equivalent Annual Cost (EAC). How much are the EAA of thesetwo machines?